Banking & Finance

VN-Index only faller

Released at: 18:19, 12/05/2016 Stock Market Watch

Banking shares again influence VN-Index on May 12, this time negatively.

by Hung Khanh

Only the VN-Index finished down on May 12, by 1.94 points (0.32 per cent), while the VN30-Index rose 0.08 points (0.01 per cent) on HSX and the HNX-Index increased 0.59 points (0.73 per cent) and the HNX30-Index 1.4 points (0.98 per cent) on HNX.

The VN-Index fluctuated over the course of the day, slipping to 513.42 points in the middle of the morning session before peaking at 617.34 points and then closing at 615.16 points. During afternoon trade it rose to 616.21 points before falling sharply to 612.12 points by the close.

Liquidity on HSX was VND1.4 trillion ($62.74 million), down about 17 per cent against the previous day. HNX, meanwhile, saw some VND510 billion ($22.85 million) changing hands, 20 per cent higher than the previous day, with no put through trading during the day.

Banking shares once again had a huge effect on the VN-Index. Among the three largest caps, VCB and CTG fell 2 per cent and 1.7 per cent, respectively, while BID increased 0.5 per cent. Among smaller caps, STB increased to its ceiling of 6.8 per cent without any information in support, and EIB rose 1.8 per cent while MBB fell 1.3 per cent.